SAROKISU (OP)
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May 18, 2018, 02:39:25 AM |
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what is difference between token and coin. coin is best or token.
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bobo012
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May 18, 2018, 02:53:17 AM |
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what is difference between token and coin. coin is best or token.
To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way |
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mpufatzis
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May 18, 2018, 06:40:27 AM
Last edit: May 18, 2018, 07:09:12 AM by mpufatzis |
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There are centralized and decentralized coins. A decentralized coin is mineable but the centralized is owned by someone (pre-mined) who distributes and sells it (Ripple could be an example). In my opinion tokens and centralized coins are similar. Using the Ethereum network, you avoid developers and you use the existing blockchain of ETH, so you don't need to do it on your own.
And you have an advantage, your token could possible attract more investors than a new unknown coin.
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Jet Cash
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https://JetCash.com
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May 18, 2018, 12:03:43 PM |
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The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
Please don't copy from other sites without providing a credit and a link. This post is a straight copy from the summary on this page http://fiat4coin.com/2018/03/01/coins-tokens-altcoins/ |
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suzanogbomo
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May 18, 2018, 12:07:46 PM |
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what is difference between token and coin. coin is best or token.
To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way I think yu are very correct,tokens are launched on an existing platform while coins are more likee standalone crypto assets |
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CryptAssist
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May 18, 2018, 12:22:35 PM |
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what is difference between token and coin. coin is best or token.
To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way Am I wrong or is a Token technically just an Ethereum thing? |
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cryptoum
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May 18, 2018, 06:45:56 PM |
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Am I wrong or is a Token technically just an Ethereum thing?
Not all tokens are connected to Etherium. |
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The Cryptovator
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Need PR/CMC & CG? TG @The_Cryptovator
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May 18, 2018, 08:31:20 PM |
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The main different with coin and token is, A coin they have their own blockchain. For example Bitcoin, Ethereum and lite coin. But for token they don't have own blockchain. Token deploy on using other blockchain. Most of token use Ethereum blockchain for deploy token. They called erc20 token. Example OmiseGO is erc20 token. It's build on ethereum blockchain.
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cryptoum
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May 19, 2018, 03:55:42 PM |
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Interesting read, thanx. It seems that there is lot to be learned on this forum. |
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MinoRaiola
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May 19, 2018, 04:01:20 PM |
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Interesting read, thanx. It seems that there is lot to be learned on this forum. You are welcome. Take care and be aktiv here, it is the best way to be safe in the cryptoworld. |
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abanansah
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May 19, 2018, 04:03:23 PM |
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I think tokens are depended on a coin to be functional , for example, alternative currencies used in ICOs are mostly tokens that derive it functionality from ERC 20 ,which is a coin that is already established.
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Rexphyl
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May 19, 2018, 05:12:31 PM |
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coins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
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Joushi
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May 19, 2018, 05:17:10 PM |
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what is difference between token and coin. coin is best or token.
To me token is issued on a top of some protocol, like ethereum ERC tokens. So everything that is issued on some network i call token. Coin is independent, like Ether and Monero or Bitcoin. At least i see it that way How many stake need to make a token? |
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